What is the passing mark for NISM Series IX?

You need 60% to pass NISM-Series-IX: Merchant Banking. On a 100-mark paper that is 60 marks.

How long is the NISM Series IX exam?

The exam runs for 120 minutes and carries 100 marks in total.

How long is the NISM Series IX certificate valid?

NISM certifications are generally valid for 3 years from the date of passing, after which they must be renewed. Confirm the current position on nism.ac.in before your certificate lapses.

NISM Series IX

Merchant Banking

For merchant banking professionals running IPOs, rights issues, buybacks and open offers.

Exam pattern

Duration: 120 min
Total marks: 100
Pass mark: 60% (60)
Negative marking: 25%

There is negative marking of 25% of the marks for that question, so a wrong answer costs you 0.25 marks on a 1-mark question. Guess only when you can eliminate at least two options.

Syllabus and chapter weightage

Weightages are taken from the official syllabus table published in the NISM workbook, so you can see exactly where the marks are.

1Introduction to the Capital Market7%
2Introduction to the Merchant Banking15%
3Registration, Code of Conduct & General Obligations of Merchant Bankers in India15%
4Issue Management – Important Terms5%
5Issue Management – Process and Underwriting18%
6Issue Management – General Obligations of Merchant Bankers and Due Diligence15%
7Other Merchant Banking Activities - Mergers, Acquisitions & Takeovers15%
8Other Merchant Banking Activities - Disinvestment, Buyback of Equity Shares10%

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Frequently asked questions

What is the passing mark for NISM Series IX?: You need 60% to pass NISM-Series-IX: Merchant Banking. On a 100-mark paper that is 60 marks.
Is there negative marking in NISM Series IX?: There is negative marking of 25% of the marks for that question, so a wrong answer costs you 0.25 marks on a 1-mark question. Guess only when you can eliminate at least two options.
How long is the NISM Series IX exam?: The exam runs for 120 minutes and carries 100 marks in total.
How long is the NISM Series IX certificate valid?: NISM certifications are generally valid for 3 years from the date of passing, after which they must be renewed. Confirm the current position on nism.ac.in before your certificate lapses.